This book discusses socialism and democracy. It approaches socialism not as a label but as an ideology. Based on a careful examination of what socialism is, traced back to Karl Marx, this book explains the tense relationship between socialism and democracy and how it has influenced political thought and practice in both Europe and America. This book carefully avoids conventional wisdom, seeking instead to originate its definition and analysis of socialism in its political theory and practice. Building on the relationship between socialism and democracy, the book explores how this uneasy roommate agreement may affect America's future.

Conventional wisdom says that Europe's crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. The crisis, says Larson, is in fact a welfare-state crisis. Over decades, government has grown too big for the private sector to pay for; when the recession hit in 2008 most European economies could no longer bear the burden of the welfare state. Raging deficits, accelerating unemployment and harsh austerity policies hurled the continent into more than a regular recession. Europe is entering a new economic state: industrial poverty. Using Sweden in the 1990s as an example, Larson shows how a welfare-state crisis combined with the wrong kind of austerity policies replaces prosperity with industrial poverty. In a desperate effort to balance the budget and save the welfare state in the midst of the crisis, the Swedish government subjected the country to some of the toughest austerity measures on record. The outcome was a permanent reduction in the standard of living for Swedish families as well as the standard of government services. Today, Europe is going through the same transition into industrial poverty. Tomorrow, it could be the United States, unless Congress and the President take decisive action against the runaway budget deficit.

Conventional wisdom says that Europe's crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. The crisis, says Larson, is in fact a welfare-state crisis. Over decades, government has grown too big for the private sector to pay for; when the recession hit in 2008 most European economies could no longer bear the burden of the welfare state. Raging deficits, accelerating unemployment and harsh austerity policies hurled the continent into more than a regular recession. Europe is entering a new economic state: industrial poverty. Using Sweden in the 1990s as an example, Larson shows how a welfare-state crisis combined with the wrong kind of austerity policies replaces prosperity with industrial poverty. In a desperate effort to balance the budget and save the welfare state in the midst of the crisis, the Swedish government subjected the country to some of the toughest austerity measures on record. The outcome was a permanent reduction in the standard of living for Swedish families as well as the standard of government services. Today, Europe is going through the same transition into industrial poverty. Tomorrow, it could be the United States, unless Congress and the President take decisive action against the runaway budget deficit.

This book discusses socialism and democracy. It approaches socialism not as a label but as an ideology. Based on a careful examination of what socialism is, traced back to Karl Marx, this book explains the tense relationship between socialism and democracy and how it has influenced political thought and practice in both Europe and America. This book carefully avoids conventional wisdom, seeking instead to originate its definition and analysis of socialism in its political theory and practice. Building on the relationship between socialism and democracy, the book explores how this uneasy roommate agreement may affect America's future.

America is facing its worst fiscal crisis in decades. If we keep doing nothing, we will soon be hurled into the dungeons of European austerity. That will hurt everyone, especially the poor. In his new book, Sven R Larson presents a five-step plan that will take us away from the looming debt disaster and put us back on a path to prosperity.

Despite the American left's admiration of the Swedish welfare no one has told its true story yet. Until now. Sven R Larson reveals the dark side of the welfare state: how government-run health care turns patients into budget items and corpses, how government defaults on promise after promise, crime is rampant, 500 schools are burned to the ground every year and children grow up with no loyalty to their country. Larson explains how politicians turn to fiscal fascism to save the welfare state from the people who depend on it.